ZIP Code 11231 — Brooklyn, New York

The median home in 11231 is valued at $1,611,200 against a median household income of $139,930, a price-to-income ratio of 11.5. That is above the 8.7 median across the 178 New York City ZIP codes with published housing data, and well past the 3.0 ratio that marks an attainable market nationally, which means a household earning the local median income cannot finance the local median home on conventional terms. Within Brooklyn, 11231 ranks 17 of 38 ZIPs on affordability (1 = lowest ratio); the borough median ratio is 11.8. Renting takes 20.8% of median household income (median rent $2,431 a month), under the 30% cost-burden threshold.

11231 ranks 28 of 178 citywide on median household income and 8 of 178 on median home value; its income is far above the $82,565 Brooklyn median. 31% of households own their home, below the 35% citywide ZIP median, so most residents rent. 68% of adults hold a bachelor's degree or higher, far above the 39% median, and the poverty rate is 13.1%, in line with the 13.8% citywide ZIP median. Unemployment stands at 6.7%.

With 76,552 residents per square mile across 0.5 square miles of land, 11231 is less dense than the citywide ZIP median of 92,954 (rank 117 of 178). This is classic New York apartment density: walk-ups, elevator buildings and mixed commercial corridors.